Note

UK PRELIMINARY SERVICES PMI STEADIES AT 54.3 IN FEBRUARY VS. 54.1 EXPECTED

amking
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  • UK Manufacturing PMI rose to 47.1 in February, missing estimates of 47.5.
  • Services PMI in the UK held steady at 54.3 in February, a positive surprise.
  • GBP/USD holds gains near 1.2700 after mixed UK business PMIs.

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved slightly from 47.0 in January to 47.1 in February, below the market consensus of 47.5.


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